At year-end (december 31), chan company estimates its bad debts as 0.60% of its annual credit sales of $663,000.

chan records its bad debts expense for that estimate.

on the following february 1, chan decides that the $332 account of p. park is uncollectible and writes it off as a bad debt.

on june 5, park unexpectedly pays the amount previously written off.

required:

prepare the journal entries of chan to record:

a) the estimated bad debts expense.
b) the write off an account.
c) the reinstatement of an account.
d) the cash received on that account.